J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Covestor Ltd

Covestor Ltd cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 20.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 245 shares of the transportation company’s stock after selling 63 shares during the period. Covestor Ltd’s holdings in J.B. Hunt Transport Services were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of JBHT. Vanguard Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after purchasing an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of J.B. Hunt Transport Services by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in J.B. Hunt Transport Services by 2,722.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after buying an additional 525,729 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 1.2 %

Shares of NASDAQ:JBHT opened at $182.35 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company’s 50-day moving average price is $175.60 and its two-hundred day moving average price is $168.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.39 billion, a P/E ratio of 33.15, a P/E/G ratio of 3.23 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period last year, the company posted $1.80 EPS. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Evercore ISI boosted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Susquehanna boosted their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $190.11.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.